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Because Social Security recipients received a high COLA of 8.7% in 2023, more beneficiaries are likely to be liable for federal income taxes on their Social Security benefits for the first time ...
The current Social Security COLA projection for 2025 is 2.63%, according to the Senior Citizens League. TSCL updated its 2025 COLA prediction based on June's CPI-W data, which came in at 3%. TSCL ...
The Senior Citizens League (TSCL), a nonprofit advocacy group, expects Social Security benefits to get a 2.6% cost-of-living adjustment (COLA) in 2025. That would mark the first time since 2021 ...
The latest estimate from The Senior Citizens League (TSCL) puts the 2025 COLA at 2.6%. This would add approximately $50 to the average (as of March 2024) Social Security check of $1,931 per month ...
In 2023, retirees received a Social Security increase of 8.7%. It was the largest annual cost-of-living adjustment (COLA) in four decades. The Social Security benefit increase fell sharply in 2024 ...
For context, the average retired worker collects around $1,900 per month, as of June 2024. If the 2025 COLA does land at around 2.6% as is currently projected, that would only amount to around $49 ...
In 2022, 2023, and 2024, beneficiaries enjoyed respective increases to their Social Security checks of 5.9%, 8.7%, and 3.2%. In 2025, this increase might be a bit more modest than in recent years.
As a result, Social Security beneficiaries can expect a significant cost-of-living adjustment, or COLA, to increase their benefits in 2025. However, there's more to the story. In this video, I'll ...